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perhaps you are right but its a wild guess at this point given so many unknowns.
problem is it was clinically relevant enough for FDA to halt enrollment, hence wall street punishment. lower dose might work but efficiency and side effect questions remain. Only time will tell and time is $$$$$$.
They do not have $2 per in cash, its 1.6s. At current burn rate they'll be out of cash in about 15 months. They will have to either partner or do a secondary offering. With current developments any partner would take on a huge risk and would want to be compensated accordingly. Doubt they'll want to give up any significant portion of potential sales so offering is more than likely. If you think there won't be an offering simply because the stock is down you are highly mistaken. Whether stock is at $20 or $2 is irrelevant, companies raise $ when they need it.
5.40 print was out of range, likely a trade from this am posted late by a specialist after they did their books eod. You can short whenever, even after hours assuming broker has shares to borrow.
this matters because drug appears to be much more toxic than originally thought. serious enough to halt new study enrollments. lower dose might be ok but there are no guarantees.
Money definitely a worry especially now with extra time needed to sort this out. At 60-70M cash burn rate each quarter they'll need something lined up in a year. Chances are there will be secondary offering that will be highly dilutive.
yep, its trading down here for a reason. Could be a good play long term but there is a lot of unknowns. Would lower dosage negate some risks? Will doctors shy away now afraid to prescribe a drug that might kill? Will there be lawsuits? etc
It'll likely take a long time until everything gets sorted. For now lots of uncertainty as co continues burning through cash. Still lot of risk at this level, no brainer would be closer to cash value. Good luck!
just another biotech down huge. hardly surprising and not much of an over reaction given co only has $1.5 a share in cash, is losing money and people been dropping dead after using their drugs.
wow what a concept. buy cheap and sell and when stock goes up to make money. just curious what is cheap here? .20 .10 .05 .02 .01 or .009?
ordinary day traders have greedy interests? don't insult me, I am a day trader and day traders are not greedy. I got a sticker on my monitor that says greed kills. Day traders tend to take small gains/losses and move on.
GOFF is actually one of the stocks I tried to swing for bounce a few times which I rarely do and am only down 700sh after trading close to 20,000,000 shares on way down.
maybe a bounce from 8 hah still looking for my 10k 13 short that beat me up some.
bk rumors swirling. if no bk it should open higher than current 2.2-2.3s but it'll probably be gapping down, only question how much.
not really just been mostly focused on FNMA last few days. Got about 200 commission trades on it today so not much time to keep up on other stuff. still traveling too so running minimal on laptop.
hmm was hoping for gap down, quick wash and then way back into big green. from 5.2 highs to 1.6 lows today on that volume would think its close...
PPMIQ another one that should be good tomorrow. Held a few overnight.
FNMA going to be a fun one tomorrow
lol the way market has been lately breakfast is right around dinner time
lol how do you like your toast? well done?
FNMA out most of rest 3.95 trying to fill out on rest but nfs yet
FNMA out 1/2 3.5
nice job. i am walking to away to grab breakfast be back later
in 2.30 FNMA
10 DMA on FNMA 2.1s I believe. gonna start nibbling soon.
FNMA come on down. got to be soon now
lol thanks. man we must be getting close soon on FNMA. havn'et nibbled yet
same old. how you been? we'll catch up ah's, all eyes on the madness right now
FNMA where to bounce? hope it gets real ugly
no kidding. On the initial pump it did 200% from day 1 lows on huge volume. tons of $ to be made. Now that the dump appears to be over it'll likely bounce 200-300-400-500% from lows.
guess some will bitch that its a scam and point to the cliff diver chart. no-one is saying to hold through that. if promo makes a lower low on daily or closes red its a cue to get out. plenty $ to be made trading, perhaps Nitwit hasn't figured out the trading part yet.
played it from .018sh to .022-.025 then rebought .025-.026s and sold .028. Kept small overnight but will be looking to add if it seems strong.
GOFF might not have been able to run for 2 days in a long time but thats about to change IMO Check the chart for a green close with a higher high on daily chart. Last time it happened it was trading .55. .015 to .03 might be nice move but with this chart it could go way more. 10 dma .029 and its acted as resistance on way down, trough .03 tomorrow am and its likely this sees .05-.06 quickly. .08-.12 possible too but I'll likely stay away higher up.
I try to but got my sickness, quick click disease. do have hope, been hearing marijuana is the cure. Got to call up MJNA and see if they got some pot brownies for me. eating a few of those before work should fix the problem
yeah I did and was scared lol left a few cars and a few vacations on table
hah yes sold too early. rebought some and sold too early again lol
if you day trade you got a margin account right? funds should be settled as soon you sell and should be allowed 3 day trades within 5 trading days. think 3 day wait is generally for cash accounts but have no idea who your broker is. everyone seems to have their own rules.
stock is worth what people are willing to pay for it. fundamentals and technicals are just excuses people use to justify their buys/sells.
FIO sweet one
rotf the Blackhawk curse. can you make make it go to .12 if I promise to make it up in 3 weeks?
man LOTE 4.20 lol was sweating size 1.50sh avg yesteray. made it to 1.7s. want to cry
neither bounce to .10 or drop to .03 would surprise me tomorrow. tons of volume today and closed weak so everyone is scared and no one holding for gapper. maybe thatll give it a reason to go up tomorrow.
yeah took some ugly losses .059s .053s and rebought more .051.
man just nasty all day. finally huge prints at lows after down huge day after day. actually was up nicely first bounce to .07 but no way figured it'd be back down. then added .064s still no go. sucks this hurt as i had some size.
watch them pull a FARE type bounce after everyone gives up.
ouchie .05
GOFF another huge print little while ago and ARCA came off L2. maybe diluter finally done on it. should be good for 50-100% dead cat bounce at some point soon IMO trying to add a few here .064s
GOFF been a long way down. huge print .06 area. got some .061 looking to add.
promos do tank eventually... day 1 from .22-23 lows to .65. every day for 2-3 weeks it set a higher high on daily. not too shabby.
sucks for people that held once trend broke but most of their plays work out this way, no surprise. sounds like dead cat bounce for quick 50-100% is not far away given all the short posts and rest calling for .01, .0001...